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About this currency pair
Zambian Kwacha (ZMW) — the currency of Zambia
The current Zambian kwacha follows the 2013 redenomination, replacing the older ZMK code for modern prices. The Zambian Kwacha is used in Zambia, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are commonly used for remittances, import pricing, travel, development projects, commodity trade and comparisons with USD, EUR or regional currencies. The kwacha name is used in southern Africa and is often seen in regional trade, remittance and travel conversions.
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.